Beauty portal Mazkara raises $1m from Dunamis Ventures for India foray

Mazkara FZ LLC, a Dubai-based company which operates through beauty and wellness portal, has raised $1 million in seed funding from Dunamis Ventures Pte Ltd.

The startup will use the money for expanding into newer cities and hiring more people in its product team.

“Our target markets in India and the Middle East have over 40,000 beauty and wellness venues, which together receive over 144 million appointments annually. Currently, not even 2 per cent of these venues have an active online presence, and a negligible 0.2 per cent of these appointments are being booked online,” said Prasanjeet Roy, co-founder, Mazkara.

The glam-tech startup Mazkara had earlier raised $500,000 from Dubai-based investors.

Founded in March 2015 by Prasanjeet Debgupta Roy and Mohammed Ali Akmal, Mazkara helps people to discover salon and spa in their area, find the best offers and deals based on needs, budget and location. After launching in Dubai, it started operations in Pune in August 2015.

Mazkara claims to get 3,000 visitors every day, a number they say is increasing 15 per cent month-on-month.

Dunamis Ventures is a early-stage investor, focused on high growth and new markets.

Also Read: India Dealbook: Sixth Sense invests in Grab; Stylofie raises $250k from HK’s Swastika
India Dealbook: BookMyBai, PayTunes, YourDOST raise funds; Gamalon buys Bookmyspa
Rocket Internet debuts beauty & wellness startup Vaniday in Asia via Singapore
India: Wellness chain Gajty raises seed round from US-based Purvi Ventures, others